(FILES) — A file photo taken on October 21, 2014 shows the logo of French oil company headquarters Total, in La Defense’s business district, near Paris. French oil giant Total announced on February 12, 2015 a drastic cut in costs and investments after its net profit plunged in 2014 due to crude prices falling by more than 50 percent since June. Total reported a 62 percent fall in net profit to $4.24 billion last year compared with a year earlier, while revenue dropped 6.0 percent to $236.12 billion, the group said in a statement. AFP PHOTO / MARTIN BUREAU